Unbonded Firm Withdraws

October 7, 1987

CORAL SPRINGS -- A construction company that could not get sufficient bond coverage to ensure its work of supervising $15 million in municipal projects agreed on Tuesday to withdraw from its contract with the city.

The action follows five weeks of debate on Federal Construction Co.`s lack of proper bonding for its work on the construction of a community center at Mullins Park, a public safety building and Cypress Park. The projects are being financed by a $16 million bond issue approved in 1985.

Commissioners agreed to pay Orlando-based Gilbane Building Co., the second lowest bidder for the contract that was awarded to Federal, a maximum of $20,000 to work with the projects` subcontractors for a month.